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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: oss who wrote (1511)	4/1/2000 3:16:00 PM
From: oss	Read Replies (1) \| Respond to of 1535

News Release: Company Press Release Mytec Technologies Inc.: Former Descartes Systems Group Executive Joins Leading Biometrics Company TORONTO--(BUSINESS WIRE)--March 29, 2000--Mytec Technologies Inc. (TSE:MYT. - news) Mytec Technologies Appoints New President and CEO Mytec Technologies Inc., a leading provider of biometric technologies, today announced the appointment of Pierre Donaldson as President and CEO effective April 17, 2000. Mr. Donaldson brings more than 20 years of progressive experience in strategic business development and technology marketing to his new position, which will be based at the Company's offices in Toronto. Most recently, he was Executive Vice President Worldwide Field Operations for Descartes System Group, a world leader in providing e-fulfillment software and hosted services to more than 850 corporate customers in more than 50 countries. Prior to that, Mr. Donaldson served as: Vice-President, Sales and Marketing of Treasury Services Company, a division of Oracle Co.; President and CEO of Virtual Prototypes, a Montreal-based, Toronto Stock Exchange-listed developer of real-time user-interface software products; and Executive Vice President and Chief Operating Officer of IST Group. In his early career, Mr. Donaldson served in a variety of capacities at Dun & Bradstreet Software, including Senior Vice-President, responsible for European operations of the company. Mr. Donaldson replaces Mytec co-founder Dennis Hollingshead, who has been elected Chairman of Mytec. Mr. Hollingshead will continue as President and CEO of Counterforce Inc., Mytec's wholly owned alarm monitoring subsidiary. In making the announcement, Mr. Hollingshead said: ``With the rapid evolution of Mytec and the growth opportunities before us, we felt it was particularly important to attract a Chief Executive who has global business experience, and notable successes in the fields of software licensing and e-commerce. In our view, Pierre is absolutely the right person to lead Mytec into what we believe will be a high growth era for the company. He has the skill sets and the entrepreneurial drive to build our company.' In commenting on his appointment, Mr. Donaldson said he is ``looking forward to the challenge. Mytec clearly has a competitive edge in terms of its resident biometric technology foundation. It also has the genesis of relationships with some world class organizations. And most important, its solutions serve growing commercial applications including e-commerce. The goal now is to turn all of this potential into reality for the benefit of shareholders.' In the next few months, Mr. Donaldson said he expects to ``accelerate the development of Mytec's business by aggressively and strategically adding to our capabilities and seeding the marketplace for our biometric solutions.' Mytec's Board of Directors also announced that Ross Hutchison has resigned as Chairman. Mr. Hutchison will remain a valued member of Mytec's Board of Directors. About Mytec Mytec Technologies Inc. specializes in the development of core biometric technologies for licensing to OEM's and customers that require advanced network or physical access security. Mytec's biometric technologies provide an unparalleled blend of convenience and security that extends well beyond the traditional identity methods such as passwords or entry cards, and have the potential to enable secure wireless e-commerce. Mytec's unique Biometric Encryption process links a 128-bit digital key with a biometric image to create a secure package of information known as a Bioscrypt. The Bioscrypt is used to secure information that can only be unlocked by presenting the correct biometric image. Biometric Encryption has been patented for use with all types of biometric images, such as fingerprints, iris, voice and face. Through Counterforce, the company's wholly owned subsidiary; Mytec also provides alarm monitoring services to commercial and residential customers. Visit the company's web site at www.mytec.com. Mytec Technologies Inc., the Mytec logo, Bioscrypt and Touchstone are trademarks or registered trademarks of Mytec Technologies Inc. Forward-looking statements in this news release are made pursuant to the ``safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.